IEA, EU discuss proposed oil, diesel stocks release, sources say
The International Energy Agency and European Union were discussing an oil and diesel stocks release proposed last week with diplomats and analysts.
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The International Energy Agency and European Union were discussing an oil and diesel stocks release proposed last week with diplomats and analysts.
China’s antitrust regulator has asked Anglo American to commit to supply the country with a steady flow of copper concentrate as a condition for approving its proposed US$54 billion merger with Canada’s Teck Resources, three people aware of the development said.
Ksi Lisims LNG LP has signed a long-term supply deal with Centrica Energy for its proposed liquefied natural gas export facility.
Facing potential liability for harms related to climate change, major oil companies have again turned to the U.S. Supreme Court, teeing up a case that could determine the fate of dozens of climate-related lawsuits by state and local governments against fossil fuel companies.
Diesel prices are on a big upward swing, rising to historic levels over the past month and filtering through to all corners of the economy.
President Donald Trump will announce on Monday a Minnesota company’s plan to build a US$15 billion steel mill in Iowa, a White House official said, a major investment that the administration is highlighting as it seeks to promote domestic manufacturing ahead of the November midterm elections.
Germany’s cabinet approved a roadmap on Wednesday to phase out coal, oil and gas by 2045, reaffirming a climate strategy focused on electrification despite a minister’s call for more flexibility on cars, heating and carbon pricing.
U.S. President Donald Trump says his country will continue buying Canadian potash. He made the comments at the United Nations General Assembly.
All signs are pointing toward a record-breaking El Niño this year, which may cause severe drought in Asia, threatening food security for millions of people.
U.S. President Donald Trump says he is working on a “massive deal” to purchase potash from Belarus.
A global diesel shortage fueled by wars in Iran and Ukraine is unlikely to ease before next year, according to storage market indicators and industry participants, extending a spike in fuel costs that is weighing on economies worldwide.
The federal government hopes to streamline the approval process of major energy projects as the trade war with the United States continues to escalate.
Mark Carney’s government is scaling back a major Trudeau-era environmental review process, a move environmental groups say will weaken oversight of some of Canada’s largest industrial projects.
U.S. Energy Secretary Chris Wright said on Tuesday after landing in Venezuela that deals that oil companies from the U.S. and other countries sign tomorrow in Caracas will lead to a more than doubling of crude production in the next few years.
Premiers are divided over whether to use Canada’s natural resources as leverage in the trade war with the U.S., and potash has emerged as a key point.
Vietnam’s 2026/27 robusta coffee crop could see a slight increase in output, though the threat posed by this year’s El Niño should not be underestimated, Thai Nhu Hiep, vice chairman of the Vietnam Coffee-Cocoa Association, told Reuters.